Chemical

According to a new market report published by Lucintel, the future of the global pharmaceutical packaging market looks good with opportunities in pharmaceutical manufacturing and contract packaging. The global pharmaceutical packaging market is expected to reach an estimated $107.7 billion by 2027 at a CAGR of 6.7% from 2022 to 2027. The major drivers for the growth of this market are increasing pharmaceutical sales and increasing technological advancements in pharmaceutical packing solutions.

In this market, plastic, glass, paper, and aluminum foil are the main segments by material. On the basis of comprehensive research, Lucintel forecasts that plastic packaging is expected to witness significant growth over the forecast period because plastic is lightweight and easy to handle and plastic packaging is made of low-density polyethylene which increasingly using to store non-sterile pharmaceutical liquids.

Within global pharmaceutical packaging market, the largest segment by product type is projected to be bottles due to the fact that bottles find increased application in solid and liquid oral medications; bottles also provide convenience, safety, and security for the medication. These are the major driving factors for growth in this segment over the forecast period.

North America is expected to remain the largest region because it is a large pharmaceutical manufacturing base and the increasing technological advancements in pharmaceutical packaging.   

APAC is expected to witness the highest growth rate over the forecast period due to increasing set up of pharmaceutical packaging manufacturing plants, tackling counterfeit pharmaceutical products, and its large population base.

Emerging trends, which have a direct impact on the dynamics of the industry, include rising demand for eco-friendly packaging, increasing use of nano-enabled packaging, and increasing adoption of blow-fill-seal technology. Amcor Ltd., Gerresheimer AG, West Pharmaceutical Services, Inc., AptarGroup, Inc., and Becton Dickinson are among the major suppliers of the pharmaceutical packaging market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pharmaceutical packaging market by product, product, material, end user, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Pharmaceutical Packaging Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pharmaceutical packaging market by product, material, end user, and region, as follows:




































This 166-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pharmaceutical-packaging-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report addresses the following key questions:

Q.1 What are some of the most promising, growth opportunities for global pharmaceutical packaging market by product (bottles, caps and closures, parenteral containers, blister packs, pre-fillable syringes, pre-fillable inhalers, pouches and others), material (plastic, glass, paper and paperboard, aluminum foil, and others),  end user (pharmaceutical manufacture and contract packaging), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which region will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?

Q.5 What are the business risks and competitive threats in this market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are some of the changing demands of customers in the market?

Q.8 What are the new developments in the market and which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?

Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q.11 What M & A activity has occurred in the last 5 years?